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$1,549,000
Listing Price10beds
--baths
3,708sqft
1,647sqft lot
4037 Powelton Ave, Philadelphia, PA 19104
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Full foreclosure details
Home value, equity and ownership info
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For Sale
Off Market
Home type
Price / sqft
Year built
Home Details
Welcome to Lotus at 4037 Powelton Avenue, an architecturally distinctive four-unit multifamily investment opportunity in the heart of University City. Inspired by Japandi design, a harmonious blend of Japanese warmth through organic materials and natural textures with the clean lines and minimalist functionality of Scandinavian living, Lotus offers a living experience unlike anything else in the neighborhood. Built in 2022 and benefiting from approximately seven years remaining on Philadelphia's FULL tax abatement, this turnkey asset combines exceptional design, low-maintenance ownership, and immediate cash flow, making it a stable and turnkey standout investment opportunity in one of Philadelphia's most desirable rental markets.nnThe property consists of four thoughtfully designed residences, all consisting of spacious 3-bedroom, 2-bathroom units. Fully leased and currently generating $11,132 per month in rental income, the property provides investors with stable, in-place income from day one while offering exceptional long-term appreciation potential in one of Philadelphia's strongest rental markets.nnEvery detail throughout Lotus was intentionally curated to create a sophisticated yet inviting atmosphere. Rather than following the standard luxury apartment formula, the building embraces timeless design principles that appeal to discerning residents seeking something truly unique. Gourmet kitchens feature quartz countertops, sleek contemporary cabinetry, stainless steel app
Interior Details
3708
10
N/A
Has Heating:
Yes
Heating Type:
Yes
Has Cooling:
Yes
Cooling Type:
Central
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
Full
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
1647
No
No
Type:
N/A
Location:
N/A
Status:
N/A
Number of Spaces:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Construction Details
Townhouse
Brick
N/A
N/A
N/A
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2020
$3,349
$35,895
$203,405
--%
$239,300
2019
$3,225
$34,560
$195,840
--%
$230,400
2018
$2,333
$25,005
$141,695
--%
$166,700
2017
$2,333
$25,005
$141,695
--%
$166,700
2016
$2,333
$12,843
$153,857
--%
$166,700
2014
$2,233
$12,843
$153,857
--%
$166,700
2013
$1,235
$1,810
$10,830
--%
$12,640
Average Home Price in 19104
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